Auto Industry News

Indian Oil Corp Ltd (IOC), the country's top refiner, on Friday reported a three-fold rise in net profit in the June quarter, helped by higher gross refining margins as prices of oil products surged.

The technologies developed in China by Continental are embedded in innovative driver assistance systems

Tata Motors will increase the prices of its passenger vehicles from next week. The company aims to offset the steep rise in procurement costs of essential materials like steel and precious metals.

Dimension-wise, it comes with a length of 4,266mm, width of 1,757mm and height of 1,493mm, while the wheelbase stands at 2,566mm.

Dana, drivetrain and e-propulsion systems maker will make a minority investment of $18 million in Switch Mobility and will also be a preferred supplier of electric drivetrain components.

Even with coronavirus cases rising in the United States, all around Asia and parts of Europe, analysts said higher vaccination rates would limit the need for the harsh lockdowns that gutted demand during the peak of the pandemic last year.

French carmaker Renault said on Friday it expected to post a full-year 2021 profit despite a worsening semiconductor chip shortage and rising raw materials costs.

Self-driving truck technology company TuSimple Holdings Inc said on Thursday its trucks will use truck leasing and rental company Ryder System Inc's maintenance sites as terminals to help it expand its U.S. autonomous freight network.